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FOX News
Sep 11, 2012 7:00pm PDT
with a black islamist flag. according to the a.p., both are triggered by a movie produced in the united states that protesters say is anti-muslim. the a.p. reports it was made by an anti-muslim extremist. we are tracking the breaking news and will bring you developments throughout the hour. also, you are looking live at ground zero, september 11, the day none of us will forget. we will remember that day with you. and why won't president obama meet with netanyahu? but first, an urgent warning. it is about our nation's debt. as if the threat of going over the fiscal cliff isn't bad enough, it now gets worse. if congress doesn't reach a budget deal, moody's will cut its triple-a realitying by one notch, so can congress strike a deal? and avoid this downgrade? senator john thune is on the budget finance committee. nice to see you. >> nice to see you, greta. >> greta: so. moody's says they doll this. >> this is the latest warning we have gotten. obviously, this is not the first time that we have been warned. this is the most predictable crisis we have ever had. we know exactly how serious the situa
PBS
Sep 20, 2012 4:30pm PDT
as banker to the united states government. some see it as a source of leverage, but others see chinese holdings of u.s. debt as an investment with little return. >> it's not invested in their own country. it hasn't been given to their own people. it's a gigantic waste of money. and really, it does not give china verage over the u.s., becausif they us it, they'd only be shooting themselves in the foot. so, in that respect, i think it's as much a symbol of a weak imbalances in the chinese economy as it is of chinese power. >> reporter: and even if the chinese government wanted to sell off u.s. treasuries, it's not clear it could find a buyer. >> the bigger problem is if they announced that they were simply not going to participate in the next treasury auction or the next three or four treasury auctions. that would produce something of a scramble to see who would participate. the result would probably be some increase in interest rates here. >> reporter: but even that seems likely to hurt china as much or more than the united states. china buys u.s. treasuries to recycle the dollars it ma
FOX Business
Sep 26, 2012 7:00pm EDT
obama of the united states was helping to rest that. now we are, 18 months later, they burn the american flag in the streets, anti-american movements all over, killing u.s. ambassadors, attacks united states' embassies. where have we come in 18 months, and at the same time, the president of the united states rather than asserting america's leadership role in the world is off to campaign. lou: off to campaign, and mean while, some is public perception, and that is four more missiles fired by the iranians, seems that they have an unlimited number to show off whenever ahmadinejad makes a major appearance or makes a major point, and at the same time, we have the chinese with a vigorous space program underway, the russians, and the principle space power because they're the only ones who can routinely go into space to reach the international space station in lower earth orbit. it is a bizarre retreat of american power and technology and advancement and to hear that the very people who we have been, you know, so concerned about, ie, iranians, are seemingly carrying out an aggressive space polic
FOX Business
Sep 12, 2012 11:00am EDT
at this crisis? speak of the united state unites attacked september 11, 11 years ago, and united states attacked september 11 yesterday. what does that mean? the united states territories, the embassy, it was egypt and libya. were they coordinated attacks? when the president came out, as you rightly did, he should have followed that by saying these attacks are not going to be tolerated, we will hold the host governments responsible for this. some indication even in egypt there was advanced warning these attacks are coming which is why the americans had gotten out of that embassy. the president of the united states needs to say to those countries who will hold you responsible, have to protect our people, you have to have better protection of our people and if you don't do that we will reassess our relationship with you because if you don't stand strong right now, this is what happened to jimmy carter and why ronald reagan was elected. jimmy carter did not do something strong. he apologized, said let's try to negotiate and that is the kind of response i heard from president obama. dagen: did we ha
CNBC
Sep 13, 2012 6:00am EDT
to building bridges between the united states and the arab and muslim world, particularly libya. and i think this is going to sour a lot of americans about the future trajectory of the middle east, about the direction in which the arab spring is headed. and i think particularly this is tragic for syrians. syrians who are now under siege or around 20,000 syrians have been killed by the regime of assad and i think many syrians were hoping for an outside intervention or outside aid to provide some type of save zones. and i think the reality is that after the united states and nato had gone into libya it oust gadhafi, i think there will be far less appetite to want on do anything in syria. >> probably also raises huge questions about money from america that is going to fund some of these governments particularly in egypt where it's $1.5 billion plus another billion that was being put together in a package right now. how do you think that plays out in congress at this point? >> that's absolutely right. egypt is a country which has i think the second or third largest aid package from the united st
CNN
Sep 11, 2012 1:00pm PDT
the president strongly defend one of the united states' deadliest and most effective weapons against would-be terrorists. and in a cnn exclusive, the brother of al qaeda's top leader now says there is a way to reconciliation and peace. i'm wolf blitzer. you're in "the situation room"." >>> all that coming up. we begin with a very public and new escalation of some tension between president obama and prime minister benjamin netanyahu. israeli sources tell me the white house at least for now has rejected prime minister netanyahu's request to meet with him later this month to discuss iran's nuclear program. the israelis were told a meeting isn't possible because of the president's schedule, schedule won't permit it even when they offer to have the prime minister come to washington from new york where he'll be addressing the united nations. the white house is pushing back saying the president and prime minister simply won't be in new york at the same time this month to address the u.n. but this is just the tip of the icebe iceberg. in a much bigger disagreement right now over iran's suspected q
PBS
Sep 17, 2012 4:30pm PDT
's accomplished. that and more tonight on "n.b.r."! trade tensions between the united states and china are heating up again. this morning, the two countries challenged each other in the world trade organization. the u.s. is accusing china of illegally subsidizing auto and auto parts exports, and hurting u.s. made goods. and china claims trade laws here, open the door for illegal tariffs on a wide range of chinese products. sylvia hall breaks down what's behind the latest flareup. >> reporter: here in the u.s., the auto and auto parts industries employ about 800,000 american workers. the government says those workers are hurt by the money china gives to subsidize its own auto industry. and in ohio, a key swing state fueled by cars, president obama promised a crack down: >> these are subsidies tt directly harm working men and women on the assembly lines in ohio and michigan and across the midwest. it is not right, it is against the rules, and we will not let it stand. >> reporter: the administration said that between 2009 and 2011, the chinese government offered up at least $1 billion in subsidies t
FOX Business
Sep 18, 2012 9:00pm EDT
. there's no way you can shut down outrageous speech in the country of the united states, it's going to happen, but if the responsibility of responsible officials in egypt and other countries throughout the world to take actions to protect embassies and they are the ones who are responsible, and the extremists sure -- stirring up the crowds are responsible. talking about the video really is to distract from the real problem. gerri: you have a lot of experience in these proceedings as deputy secretary of defense under george w. bush. people staid it's bush's fault the arab world is in unrest today. do you agree? how do you respond? >> i don't at all. look, these extremists were breeding in the arab world for years under horrible dictators. 9/11 happened with basically before george w. bush even appeared, and i believe in fact that the dictatorships of the arab world gave credit the to the extremists who attacks the governments for denying freedom to their people. sooner or later, those governments collapse both because of age and also, frankly, because ashes want freedom as well, and
FOX Business
Sep 26, 2012 3:00pm EDT
in vermont. of course, the company's first set up. and we still make 70% of our products in the united states. cheryl: and you've been there for 25 years, we should mention to our viewers, you yourself have been with this company for 25 years. one of the most impressive things, i think s you've been able to keep 70% of your manufacturing in the united states at plants in the united states. what's the secret? >> well, the secret is what you have also indicated is the fact of being around for a long time and also thinking long term, making investments. you know, manufacturing in the united states is not easy, and if you're not thinking long term, if you're not continuously investing, it's not possible. because, you know, we have great people, we've got great history. we, in fact, have 73 locations in china and 60% of the product we're shipping from the united states to china. in furniture which is, you know, not made by robots. we still have a lot of labor even though we have a lot of, lot of technology that we've introduced. so i think it's a question of quality, it's a question of craftmanshi
FOX Business
Sep 14, 2012 1:00pm EDT
smoke coming out of the u.s. embassy. they have replaced the united state flag. there are also reports they have taken over an american school there as well. fox is trying to confirm all of this. it is similar to what we are seeing and other countries, in particular lebanon. at least one person was killed in the protest. many more were wounded. this comes as pope benedict xvi arrived in lebanon. protesters they were seen ripping up his picture ahead of his visit to lebanon. here in afghanistan, we feared there would be widespread violence. so far, those have not materialized. it has been very peaceful here in kabul. there are real concerns that the rights will spread to afghanistan or pakistan in the coming days. melissa: connor, thank you for that report. lori: these are trying times, that is for sure. let's see how the markets are reacting. nicole petallides is on the floor of the new york stock exchange. nicole: we are keeping a close eye on some of the office product retailers. there is news. the first set of news is stapled it now has private equity firms interested in taking it p
CNBC
Sep 11, 2012 4:00pm EDT
've always expected people would get in the united states of america. that only comes from the private sector. that's where, i think, the romney approach, people will find to be the right one. >> this market has been rallying. of course, it seems to be working in obama's favor, even though it's probably has a lot more to do with the central bank and all of the easing out there than it does to the policies. is there any reason to believe that if this president is re-elected, then he moves to the center that, he does the policies that you're talking about that romney, of course, has been leading with? >> i think that's been my greatest disappointment, that we have not seen this government move more to a centerous approach to move the country forward. there were numerous opportunities to do that. i just don't think it aligns with where the president would like to take the country. there's one approach that says static pie, let's figure out how to split it up. that's the approach that's being taken. when they say we're all in this together, we're all in this together, but we're going to take from
CNBC
Sep 12, 2012 9:00am EDT
in the united states. some indexes they watch on a weekly basis have been lower recently and that will fuel a lot of talk about a bit of a slowdown. front-running the fed, guys, did you see what happened yesterday? i pointed out some of the biggest etfs in the high yield area. i'm talking about j&k had heavy volume and hitting new highs. why is that happening? a lot of people believe at the minimum the fed is going to extend forward guidance to keep interest rates low to at least 2015. all of that would be a big beneficiary to high-yield funds who are forcing people to go out on the yield curve. this is one simple way people are already anticipating exactly what the fmoc is going to be doing. back to you. >> terrific, bob. got to ask rick. looks like people sell bond, shift bonds to the dollar. rick is at cm group in chicago. >> thank you. i guess we should welcome europe to the same club the u.s. is in. lots of liquidity. maybe more liquidity coming. and a generally weak economy. welcome to the club. if you look at our charts, they pretty much reflect a lot of what central banking is doing
CSPAN
Sep 14, 2012 9:00am EDT
in freedom and he really believed in the united states. as we know, these are two highly decorated seals who left the community of seals and serving with the consulate there and the state department in libya. we certainly celebrate their life and we mourn their death. i want to recognize their family and let them know that our thoughts and our prayers are with them. thank you, mr. speaker. the speaker pro tempore: for what purpose does the gentleman from maryland rise? >> to address the house for one minute. the speaker pro tempore: the gentleman is recognized, without objection. mr. cummings: our right to vote is one of the many guaranteed by our constitution. every election -- every election cycle millions of americans fail to exercise that right often because they don't realize the importance of doing so. on september 17, we will celebrate the 225th anniversary of the signing of our nation's constitution. to mark that momentus anniversary this week, i introduced the constitution and citizenship day act of 2012, h.r. 6390. the bill would support expanded education about our constitution by
FOX Business
Sep 21, 2012 9:20am EDT
beliefs of others. >> let me state very clearly, and i hope it is obvious, that the united states government has absolutely nothing to do with this video. >> welcome back. the state department sending $70,000 of your tax money to air this ad in pakistan. >> we reject all efforts to denigrate the religious beliefs of others. >> let me state very clearly, and i hope it is obvious, that the united states government had absolutely nothing to do with this video. >> those ads are going to reach about 90 million people in pakistan, running on seven pakistani tv networks. the administration said the attack in libya had nothing to do with the movie. it was planned by months-- for months by al qaeda. charles payne and sandra smith are here, what's your take on this? >> it's outrageous. i'm surprised we didn't see a guy who looked like ben franklin in a powdered wig and a bulldozer, running over the constitution. please, pakistan, please. >> how can we allow christians in america to be boycotted by millions of cities because an executive has an opinion on one thing and then begs them to for
FOX Business
Sep 10, 2012 1:00pm EDT
. >> this is offshore buoy much like we use here in the united states off the coast of dell wear and new jersey? >> that's it exactly. >> you have partnered with british petroleum. they will start delivering lng, is that correct? >> that is not done yet. one we're doing is accelerate energy. an american company. that we like and trust. and hopefully they will be our partner in exporting, or i am porting the -- importing the natural gas. >> i'm an investor in the united states programs i could take a stake or investment in accelerator. >> that is great idea. >> what other opportunity because israel natural gas is a state-owned company. how might i get in on what you're building next three or four years to become a natural gas exporter? how can an investor here take part in that? what companies are you working here in the states to work with that infrastructure? >> you can invest basically, although we're fully owned by government we issued bonds, we are rated aa-plus and by moody's and s&p. you could invest with the company but more likely that you would like to invest with the partners around us from th
FOX Business
Sep 13, 2012 11:00am EDT
. it was happening. in the last election, 2008 the jewish vote in the united states when 78 percent president obama. >> if you ask me about the policy of president obama regarding is relevant to you president obama was not a friend of israel. stuart: that is where i have to hand it. dagen and, carry it forward. charles: you'll be interested, we have a big story that just came in. sports related. dagen: everyone listen to this breaking news. you will want to hear it. the owners of the boston red sox have begun quietly shopping the team and are mulling a potential sale of the story baseball franchise. charles: well, charlie gasparino is the one breaking business. he joins us on the telephone with some details. >> reporter: well, full disclosure, this is coming from a yankee fan. [laughter] taken for what it's worth. people with direct knowledge of the situation, here's what we know. the boston red sox management is quietly shopping the franchise. they have had an internal discussion about selling the boston red sox. they have talked to at least one person i know about the potential sale of the price
FOX Business
Sep 25, 2012 11:00am EDT
. dagen: china looking to put an end to the united states domination of the western pacific by expanding its navy presence, forcing the u.s. to send a significant number of troops to the region in response. connell: fox news adam housely is with us now in san diego with the latest on that. adam? >> yeah, connell and dagen it's one of those stories that's kind of flown under the radar a bit because so much is going on in middle east and on going operations in afghanistan but it is extremely important in the pacific because china is doing what it can to really increase its reach if you will because they are going for more resources as we know and more influence in the region. over the course of the last 20 years they have increased their defense spending by 15%. and today they actually unveiled officially their first ever aircraft carrier, actually purchased from the russians and then refurbished by china. it is important because china because of this reach there are problems now with -- water gun attacks in the last days and as well as disputed islands with japan, both sending ships with
CNN
Sep 22, 2012 6:30am PDT
of the united states. >> president obama said that he believes in redistribution. >> we're all smarter than that, aren't we? you know it's not so simple. taxes, entitlement, debt, all three of these things must work together and keeping the status quo on all three of these things is impossible. the parties blame each other, and this is about the only thing they are 100% right on because they both took us here, and this is not an issue that gets settled in less than 50 days. 12.5 million people are still out of work. economic growth alone won't save us. it's forecast to only slowly increase over the next few years. will cain is a cnn contributor and ban barber is a graduate scholar in the city of new york. romney's comments caught on hidden camera divided the country into two groups, makers and takers. i refuse to believe the campaign is between winner take owl and karl marx. >> where we try to place these candidates on the spectrum. here's the sin that mitt romney committed dividing americans into 47 versus 53. economic conservatism applies to 100%, making the rich better off, not the poor bette
CNBC
Sep 4, 2012 3:00pm EDT
.s. prospers. to say manufacturing jobs in general are going to come back to the united states. most chinese products of low cost are going to go other places. they aren't coming back to the u.s. we have to recognize there's a dramatic ure ing in the world and everybody is part participating in it. >> we know the competitive situation always leans towards china because they've got much lower, you know, costs there. so companies are going to send workers to china and going to manufacture in china. what's great about china slowing down for the u.s.? >> i would agree with robert that, yes, there's a structural rebalancing going on. but this rebalancing is great because this enables for china's middle class to grow and create a service sector which can generate continued higher wages. that allows the private sectors in the developed economies to sell to china's middle class and not just depend on america's middle class. this way it gives a new engine of growth for nations around the world. and this is not priced into the markets. the markets have priced in the fact that china is slowing down but
CNBC
Sep 14, 2012 6:00am EDT
mortgages and potentially other assets until we see unemployment improve in the united states, is that a good decision on his part? >> it's not my habit to comment on decisions of the sister institutions. i would only say that it demonstrates, also, that when you look at the advanced economy through the grade of the central banking, you see that we are all engaged in nonstandard measures. >> how worried are you about the fiscal cliff in the united states is this. >> i think it is part of course of the major issue that in the advanced world you have to cope with. >> but if it happens, does it bring on another recession in the united states? >> i'm sure that the u.s. leadership, whatever you have in the president discussion of course between the two major sensitivities, but a sense of the saw peer kror interests of the country will prevail. i'm absolutely confident in that. i don't trust that it is possible that the sense of the superior interests of the united states of america and by way of consequence of the entire of course advanced economy and by way of consequence the enti
FOX Business
Sep 10, 2012 11:00am EDT
surveillance in the united states. after their two weeks of work, lawmakers will likely only finish government spending, maybe disaster aid or benefits for needy families. it is very unlikely congress resolves anything on taxes, fiscal cliff, post office reform, or the farm bill. and a top house republican blames it on the senate and says it is all democrats. >> the u.s. congress has been working quite a bit. it's the u.s. senate that's been stopping everything. so we don't know how much comes to fruition, but we do know we will get things through the house, but when it gets to the senate -- [inaudible]. rich: democrats say it is the republicans fault. in an op-ed in politico, it says since president obama took office republicans have done little but obstruct and delay. democrats have offered their plans. republicans theirs. neither sees the political benefit of negotiating any of this until they know who wins in november. connell: rich, thank you. rich edson in d.c. for more, let's bring douglas holtz-eakin in, former cbo director, also in washington. it's almost a joke to us after a while, t
FOX Business
Sep 19, 2012 1:00pm EDT
the list of one of the wealthiest people in the united states for the 12 year. he has a net worth of $66 billion. while the head of berkshire hathaway came in second with a net worth of $46 billion. that's the latest from the fox business, giving you the power to prosper. melissa: so the fiscal cliff is quickly approaching. let's find out what congress is doing about it. rich edson joins us in d.c. with the latest. rich? >> we'll call them the cliff experts. federal reserve chairman ben bernanke, the director of the congressional budget office and the chief of staff on the joint committee on taxation. these are the authorities on capitol hill what lawmakers actions will do to the economy and the federal budget. they're meeting with members of the senate finance committee and others. fox business was there where budget committee chairman kent conrad said congress could work out a framework to solve the cliff before it hits. >> there might be an interim step in order to give time for the committees of jurisdiction to actually come up with some of the specifics. but that the overall agreeme
FOX Business
Sep 26, 2012 11:00am EDT
. the defense minister pointed out we have best relations between israel and united states of the securities we have ever had. we have operation iron dome which allows the folks in israel to be protected from these rockets. i think it is one of those things that it is election year thing. connell: but the week of the u.n. general assembly, you don't think that's a fair political criticism from the other side? say hey listen, there's a lot going on here in the world, you should have sat down with them, you don't think that's fair? >> i don't think it's fair. he keeps good communications with the rest of the world. our relations with the rest of the world have been better than a long time. when i travel, people were very very pleased with what the administration was doing. they respect the president. look, we're in the last what 40 some days of a presidential campaign. that's the high priority. connell: let's talk about that a little bit before we let you go. the republicans would say look at the unemployment rate under president obama how it's stayed above 8%, this is quote unquote our year, we
CNBC
Sep 18, 2012 6:00am EDT
to us by the congress of the united states which represents the american people. >> what does that mean in terms of numbers? >> 2% growth. >> are we at two? kevin was very careful, he went 1.5 to 1.75. >> that's very precise. >> i want basis points. >> decimal points is silly stuff, come on, joe. >> i know. >> there is positive growth, it's just not robust and the key point, it's not enough to create the jobs we need in this country. now, i argue and i argue forcefully, i'll give a speech on this tomorrow night here in new york, the reason we have so much uncertainty is not just uncertainty about europe and uncertainty about the slowdown in china, these are important things. the real uncertainty stems from what are my taxes going to be? what kind of spending pattern also come out of the federal government, how do i deal with this explosion of regulatory morass we have coming out of washington. how do you budget whether you are exxon or a little bitty 20-person company, how does the woman who runs that company or the man who runs that company budget when they have no idea what their cost
CNBC
Sep 14, 2012 4:00am EDT
against the united states. that is likely to change today because we have friday prayers and there will be more widespread demonstrators today. but there are individual circumstances in each country which will play out in the future of relations. so the conditions in yemen are very different from egypt and we have the drone strikes in yemen which feed into anti-americanism there it and egypt, it's probably more to do with the closeness of the british regime. libya is more difficult. you have the risk of increased presence in the east which is kind of feeding the instability there. so a lot of different local dynamics at play. >> david, while we concentrate on this of course we're still working out what's going on with the really big story. which i don't want to downgrade it, but iraq of course. and how is that going to pap out? >> in terms of -- >> nuclear weapons. >> it remains very difficult because we're still trying to analyze what the israeli intentions are. that's the key going forward certainly before the u.s. election. there is a widespread fear that perhaps the i
FOX Business
Sep 14, 2012 11:00am EDT
the president of the united states. there are things that can relieve the price of oil we are not doing. dagen: is it healthy that this is not the kind of shock that we saw in 2008 where it will spike above $100 a barrel, was $135 a barrel at the high. oil has remained relatively high for the american people in the last few years and got me chance to learn to live with it. >> that is true but also hurts everybody. certainly the lower end of the economy if you are a person who has to drive a long distance to work and you have to shell out that much more for your pay, it is a problem. natural gas is going to be a substitute that will have its day. we have an unlimited supply. dagen: would you invest in oil and commodities? >> i am already invested in oil and commodities to a great extent because as i said inflation is a genie in the bottle that will get out sooner or later and ben bernanke and all the politicians in the world can't bribe themselves enough to keep it in. dagen: it would take a healthy economy to trigger that and this economy is not. >> it does not take a healthy economy to trigge
FOX Business
Sep 17, 2012 1:00pm EDT
been going in terms of violence, and also, he says this is not over yet because if the united states does not respond appropriately to his mind, which means punishing those involved with this film, he says these protests could continue. i said, what do you want to have dope to the filmmakers? he said, well, i'd like to see them tried in front of a sharia court meaning if they don't repent for insulting the prophet, he thinks they should be executed. that shows how quickly, simply how a jihadist leader talks about an anti-american protest brings out a few thousand people in front of the u.s. embassy. that shows the ground swell of anti-americanism now taking place in cairo. back to you. tracy: leeland, out in cay row, thank you very much. ashley: continuing with rising tensions in the middle east, oil traders growing more concerned as conflicts spread west to oil rich nigeria. phil flynn has more on this. are you concerned then, phil, what's going on in nigeria? >> i am right now. see, egypt doesn't produce a lot of oil, and because we built in good buffer of supply in case of a disru
FOX Business
Sep 21, 2012 11:00am EDT
of people protesting this anti-muslim film made here in the united states. dagen: rick leventhal from fox news joins us live. rick. >> the pakistani government declared today a national holiday, love for the prophet. nonviolence, but things got ugly fast. and across the streets of pakistan including islamabad to keep protesters from approaching the consulate there. and demonstrations in karachi, five movie theaters were burned and a couple of banks on fire. and one officer killed there. and in peshawar, hundreds of demonstrators set movie theaters on fire and police used tear gas. at some point opened the fire on the people and hit a pakistani news vehicle and killed the driver there. and they were marching through the streets and protesting the anti-muslim film and burned a makeshift coffin draped with an american flag and burned an effigy of president obama and around middle east and africa and security has been beefed up at a number of u.s. and western embassies around the region as a precaution, guys. dagen: rick, thank you for that reporting. connell: and nicole, the new york stock e
FOX Business
Sep 21, 2012 3:00pm EDT
a barrel and what that meant for consumers and gasoline providers in the united states and developed nations when you think of a goldilocks scenario is not the same as we saw in early 2007 but the idea of the s&p and nasdaq and multi-year highs and gasoline prices coming down, central accommodation and what is taking place now number are very bullish on the heels of a rebalancing they referred to earlier and i will tell you into the close. liz: volatility and the close and we will give you all the information you need and thanks, great to see you. have a good weekend. the mission is to help you make money no matter what is happening in the world and peter barnes got a window into the federal reserve's thinking in an exclusive interview with eric rosenfrance. the move to implement quantitative easing is already starting to work in the housing market. >> rates are low in the boston market. prices going up. if you think the federal reserve program will last a fixed period, you want to catch it and interest rates low and prices going up. liz: precisely. why did we play the sound bite? my
FOX Business
Sep 10, 2012 4:00pm EDT
, ceo and cofounder. we always love when people come back to the united states. so far you have just begun the process. talk about you do and why you chose china as a place to do it. you do led lighting. how long were you in china and why did you choose to go there originally? >> well, first of all, thanks for having me, dave, liz. we chose to go to china, we first opened in 2007 in china. we did a lot of engineering stuff over there because the costs were obviously a lot cheaper. and really what we concentrated on in 2000 was expanding there quite a bit. since, since 2009 we've really, we've really looked at our costs and even though it is a lot cheaper for to us manufacture products in china we've done the proper social thing about bringing businesses back to the u.s.. david: so tell us, first of all exactly how much of a loss, i mean, essentially you are going to be paying more by higher labor costs, will you not, coming into the united states? >> yeah, we're paying more but you know, there is field expenses too have that gone up which makes china knot appealing to us and also the
CNN
Sep 7, 2012 2:00am PDT
of the island and here in the united states, the east coast is not out of play either. so let's get right to alexandra steel. she is at cnn hurricane headquarters. what can you tell us? >> it's not as bad as it could be for bermuda. bermuda sees hurricanes about three every ten years and it's moving farther east than we'd seen it before. this is the atlantic. we do have two hurricanes at play. there's leslie. here is michael. this is a category 2, it is small, tight, powerful. 105-mile-an-hour winds. good news, won't affect anyone, won't affect land. so with that, our attention turns to leslie. now, right now it's category 1, maximum sustained winds at 75 miles an hour. what's happened is it has sat over the same space, kind of the cold water for the last 18 hours or so. so we have not seen any intensification. so that is the good news. here is the projected path. no you can see here is bermuda right now, it's about 430 miles south/southeast of bermuda, expected to make the past farther east than earlier thought sunday morning. so here are the impacts. this area east of haley fax cou hali
CNBC
Sep 11, 2012 4:00am EDT
who is saying there is great uncertainty about how the united states will deal with its high debt levels. that may be the case. perhaps deflecting some attention there back to the u.s. certainly it's getting its fair share of attention in the u.s. during campaign season, but nevertheless an interesting comment from the finance minister this morning. >>> let's check in on the equity markets. we've mentioned some of the big decliners in the luxury goods place after burberry came out with a statement talking about slowing growth in the most recent quarter. overall markets are down by just about half of 1%. that's the stoxx 600, so it gives you a pretty good view of the region as a whole. specifically the ftse 100 moving lower by 0.35%. the ibex is suffering to the tune of about 1.25%. in fact we put it in twice just to make sure you pay attention. in the bond markets, the ten year germany bund at 1.53%. yields in spap ain are still of course elevated, and italy 5.23%. and in the uk, the ten year lower 1.75. and on the legality of the esm, we also do have the election in the netherlan
CNBC
Sep 11, 2012 9:00am EDT
competitors to step up the game in order for mcdonald's to start missing here in the united states. what will mcdonald's force to be done? and will that be good from an investor standpoint? how much will they have to give up maybe in terms of margins in order to get those customers back, for instance? >> you know, i think it's a combination of being more aggressive on the dollar menu. they will give a little bit on the margin side and we have near term caution on that particular point. but i also think they have a pretty nice product pipeline shaping up for 2013, which gives us excitement, and it's one of the reasons why mcdonald's is one of our favorite medium term names in the space. we do have some caution based on more difficult comparisons that show up in the fourth quarter as well as the threat of higher food costs that are going to pay out early next year. >> we should point out that with 104th on the price target. jim, we hear again from r.j. about food costs. actually the flip side of this is that we have a very weak labor market in the united states. so for as long as we're not
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